A lot of people are optimistic about Bitcoin’s future, and one crypto analyst thinks it could hit a whopping $100,000 by 2025.
Inflation is Key
Luke Broyles, a well-known Bitcoin enthusiast, believes that inflation in the US will be a major driver for Bitcoin’s price. He argues that by 2025, inflation will push Bitcoin’s price to $100,000. However, he acknowledges that this price increase wouldn’t be as impressive as the gains seen in 2021.
A Look Back at 2021
Broyles points out that Bitcoin’s all-time high in 2021, which was over $69,000, is actually worth about $83,000 in today’s market when adjusted for inflation. This means that even if Bitcoin reaches $65,000 soon, it wouldn’t have the same buying power as it did in 2021.
More Inflation on the Horizon?
Broyles predicts that more money printing in the next few months could lead to even higher inflation. This, he believes, could push Bitcoin’s price to $95,000.
The Crypto Community Weighs In
Some members of the crypto community questioned Broyles’ analysis, arguing that a $95,000 price increase would be bearish. Others believe that inflation is actually much higher than reported, and that Bitcoin should be worth $210,000.
Broyles acknowledged that inflation could be higher than official figures, but he remains skeptical about the 21% inflation claim.
A Bullish Outlook for Bitcoin
In a previous analysis, Broyles stated that the Bitcoin bull market is halfway through. He believes that Bitcoin’s market sentiment is still developing and that the “Fear Of Missing Out” (FOMO) is just beginning.
Another Analyst Predicts a Higher Peak
Another crypto analyst, Ali Martinez, believes that Bitcoin’s next peak could reach $400,000 based on the “Bitcoin Power Law.” This theory suggests a mathematical relationship between Bitcoin’s price and its market behavior.
Bitcoin’s Current Price
As of writing, Bitcoin is trading at $63,807, up 8.76% over the past week.
